:::::::::: 글로벌번역통역센터 ::::::::::
 
 



 
 
> 고객지원센터 > News & Notice
ADMIN 2018. 10. 21.  
LIST  MODIFY  DELETE  WRITE  REPLY 
   제목: Warren Buffett Agrees on Backing India's Paytm


Warren Buffett Agrees on Backing India's Paytm

By Saritha Rai

August 27, 2018

Berkshire Hathaway Inc. has agreed to buy a stake in the company behind Paytm, India뭩 biggest digital payments brand, in Warren Buffett뭩 first foray into the country뭩 startups, people familiar with the matter said.



Buffett is set to acquire 3 to 4 percent of One97 Communications Ltd., valuing the target at more than $10 billion, the people said, asking to not be identified as the discussions are private. A formal announcement could come in the next few days, the people said.


One97 Communications, founded by billionaire Vijay Shekhar Sharma, runs the Paytm brand and is the leading player in India뭩 booming digital payments market. Buffett would join a star-studded group who have invested in Sharma뭩 companies, including Masayoshi Son뭩 SoftBank Group Corp. and Jack Ma뭩 Alibaba Group Holding Ltd. and Ant Financial.



One97 declined to comment while Omaha, Nebraska-based Berkshire Hathaway didn뭪 immediately respond to a request for comment outside U.S. business hours. Mint reported on talks for a deal earlier on Monday.



One97 owns 49 percent of Paytm Payments Bank, which leads India뭩 digital payments market. Online retailer Paytm Ecommerce Pvt, also founded by Sharma, shares the brand name with One97 and runs the online retail platform Paytm Mall, selling everything from smartphones to fashion.

India뭩 digital payments segment is forecast to reach $1 trillion by 2023, from about $200 billion now, according to Credit Suisse Group AG.

The Buffett investment comes as some critics say India뭩 startup scene has the makings of a bubble after recent multibillion-dollar investments.

Selected articles from Bloomberg
LIST  MODIFY  DELETE  WRITE  REPLY 





전체글 목록 2018. 10. 21.  전체글: 701  방문수: 2161340
 공지  정규직,계약직,프리랜서직 모집 
701   Tencent Faces New Rivals Just as It Starts to Get Anti-Social
700   Paul Allen, Billionaire Who Co-Founded Microsoft, Dies at 65
699   World’s Largest Car Market Faces Historic Drop
698   Nordhaus, Romer Win 2018 Nobel Prize in Economic Sciences
697   Hong Kong's Economy Gets Stuck Between U.S.-China Trade War
696   Indonesia's Weak Currency a Source of Strength, World Bank Says
695   Jack Ma Cedes Alibaba Licenses. Investors Won’t Get Control
694   After Settling With SEC, Musk Tries to Answer Other Question
693   Hacker to Live-Stream Attack on Zuckerberg뭩 Facebook Page
692   iPhone XS Buyers Undeterred by Eye-Watering Prices, Few Upgrades
691   Stocks Advance as Treasuries Steady; Dollar Slips: Markets Wrap
690   Trump Praises North Korea's Kim for Progress in Nuclear Talks
689   Meet the Billionaire Dreamer Taking Musk's Rocket to the Moon
688   JPMorgan Predicts the Next Financial Crisis Will Strike in 2020
687   Trump Tariffs Spark Industry Campaign to De-Escalate Trade War
686   How Jack Ma Became the Role Model for China's Startup Generation
685    Musk Uses Flame Thrower and Smokes Weed on Comedy Show
684   Nike Decides a Colin Kaepernick Deal Is Worth the Backlash
683   August Turns Ugly for Emerging Markets as Currency Crises Spread
682   Professional gamers, dream job for many amid esports boom 
681   Warren Buffett Agrees on Backing India's Paytm 
680   A Populist Wave Ousts Australia's Turnbull 
679   Chinese Phone Giant Xiaomi Delivers Growth in First Results
678   Businesses beg for tariff relief as trade war with China rolls on
677   the Airbus 380 the future of air travel or a relic of the past?
676   Amazon is reportedly thinking about buying the Whole Foods of movie theaters. Is that a good idea? 
675   Musk Says He's Tapped Goldman, Silver Lake on Tesla Bid Plan
674   Lira Extends Slide as Erdogan Says Turkey in an Economic War
673   Turkish Lira Tumbles as Investors Panic Before Erdogan Address 
672   Musk Mystery Enters Day 3 as Pressure to Show the Money Mounts 
RELOAD VIEW DEL WRITE
1 [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] 24